Kane, a leading provider of specialist risk and insurance management services, has signed an agreement to acquire the insurance management operations of HSBC. Under the agreement, Kane will acquire HSBC Insurance Holdings (Bermuda) Ltd, HSBC Insurance SPC Ltd, the insurance [...]
With main bulk of activity of mergers and acquisition (M&A) is expected to be seen in Saudi Arabia, Gulf-based M&A specialists are forecasting an increase in GCC deal flow volume of around 20 per cent in 2011 over 2010, according [...]
Abraaj Capital, the region’s leading private equity firm, announced the first acquisition by its new income-generating real estate fund, ASAS, of a grade-A commercial office building in Cairo, Egypt. ASAS, which means foundation in Arabic, is a yield-generating real estate [...]
Al Khaliji (QE: KCBK) and IBQ have announced progress in the proposed merger discussions that began earlier this year. The proposed merger is now entering final stages of negotiations and due diligence, including formal discussions with key regulators. The merger [...]
